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SFD signed two financing agreements with KfW ‎

SFD signed two financing agreements with KfW ‎

The Social Fund for Development (SFD) has signed ‎two financing agreements with the German ‎Development Bank (KfW) at a total cost of ‎EURO 10 million‏.‏

Both agreements finance two projects that aim at ‎alleviating the impact of the ongoing political crisis ‎and war on the poor in different impacted areas. ‎The supported projects will be implemented using ‎the cash-for-work approach during three years in ‎order to contribute to the achievement of stability ‎in Yemen and alleviation of the impact of the ‎current crisis in the vulnerable populated groups, ‎as well as the rehabilitation and expansion of social and ‎economic infrastructure, with emphasis on the ‎rural areas‏.‏

Through the labor-intensive projects, the SFD ‎seeks to provide conditional transfers in order to ‎mainly bridge the gap of food consumption among ‎poor families, and increase the productive assets ‎of the target poor households and communities‏.‏